Skip to content

Nvidia agrees to acquire Hugging Face for about $12.9 billion

techAug 27, 202668180

Multiple outlets including The Information, TechCrunch and Reuters report that Nvidia is nearing an agreement to acquire Hugging Face for roughly $12.9 billion to $13 billion. The deal would put the world’s largest AI chip maker in control of one of the most influential repositories for open models and developer tooling. Reports say the talks come after months of Nvidia expanding into AI software and platform deals; TechCrunch and Business Insider coverage placed the reported price near $12.9 billion. Coverage notes Nvidia previously engaged in acquisition talks with Hugging Face at lower valuations last year. Neither Nvidia nor Hugging Face had issued a confirming statement at the time those reports published. If completed, the purchase would fold a major hub for open-source model weights and community tooling into Nvidia’s broader compute and platform strategy, a move analysts and commentators framed as consolidating more of the AI stack under a chipmaker’s control.

3 sources